PM Test Center » monitoring and controlling http://pmtestcenter.com FREE daily project management test questions for PMP®, CAPM®, and Project+ exams! Fri, 10 Feb 2012 05:01:00 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How much the project is expected to cost at completion http://pmtestcenter.com/how-much-the-project-is-expected-to-cost-at-completion?utm_source=rss&utm_medium=rss&utm_campaign=how-much-the-project-is-expected-to-cost-at-completion http://pmtestcenter.com/how-much-the-project-is-expected-to-cost-at-completion#comments Tue, 07 Feb 2012 05:01:29 +0000 Gabe Young http://pmtestcenter.com/?p=789

You are halfway through your project and your sponsor would like to know how much the project is expected to cost when it is completed. What earned value metric should you use?

A. CV
B. AC
C. EAC
D. ETC

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]]> http://pmtestcenter.com/how-much-the-project-is-expected-to-cost-at-completion/feed 0 Contractor money problems http://pmtestcenter.com/contractor-money-problems?utm_source=rss&utm_medium=rss&utm_campaign=contractor-money-problems http://pmtestcenter.com/contractor-money-problems#comments Fri, 03 Feb 2012 05:01:12 +0000 Gabe Young http://pmtestcenter.com/?p=769

While building a new community park, you hired a contractor to complete a small visitor center that includes restrooms, a snack shop, and bulletin boards. You agreed to a fixed price contract payable upon completion of their deliverable. Midway through the project, they contractor informs you that the economy has affected their bottom line and they could use some funds upfront to pay their subcontractors. Which is the following is the best thing for you to do?

A. Insist that you agreed to pay upon completion and are not willing to violate the contract.
B. Negotiate a change to the payment conditions.
C. Pay the contractor for the work accomplished to date.
D. Start the search for another contractor.

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]]> http://pmtestcenter.com/contractor-money-problems/feed 0 SPI — what does it mean? http://pmtestcenter.com/spi-what-does-it-mean?utm_source=rss&utm_medium=rss&utm_campaign=spi-what-does-it-mean http://pmtestcenter.com/spi-what-does-it-mean#comments Thu, 19 Jan 2012 05:01:34 +0000 Gabe Young http://pmtestcenter.com/?p=691

As the project manager with a time conscience sponsor, you have been monitoring earned value throughout the year long project. At the halfway point, you report that the SPI is 0.8. This means that the project is:

A. Ahead of schedule
B. Under budget
C. Behind schedule
D. Over budget

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]]> http://pmtestcenter.com/spi-what-does-it-mean/feed 0 Level resources http://pmtestcenter.com/level-resources?utm_source=rss&utm_medium=rss&utm_campaign=level-resources http://pmtestcenter.com/level-resources#comments Thu, 12 Jan 2012 05:01:54 +0000 Gabe Young http://pmtestcenter.com/?p=664

Resource leveling typically results in a:

A. Project cost overrun
B. Project cost savings
C. Project duration longer than the baseline
D. Project duration shorter than the baseline

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]]> http://pmtestcenter.com/level-resources/feed 2 Over-allocated resources http://pmtestcenter.com/over-allocated-resources?utm_source=rss&utm_medium=rss&utm_campaign=over-allocated-resources http://pmtestcenter.com/over-allocated-resources#comments Wed, 11 Jan 2012 05:01:31 +0000 Gabe Young http://pmtestcenter.com/?p=661

While reviewing your weekly report, you notice that two of your resources are over-allocated. One way to solve this is to:

A. Level resources
B. Use PERT
C. Add lag
D. Crash the schedule

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]]> http://pmtestcenter.com/over-allocated-resources/feed 0 Scope verification deliverable http://pmtestcenter.com/scope-verification-deliverable?utm_source=rss&utm_medium=rss&utm_campaign=scope-verification-deliverable http://pmtestcenter.com/scope-verification-deliverable#comments Tue, 10 Jan 2012 05:01:30 +0000 Gabe Young http://pmtestcenter.com/?p=657

What is a key deliverable of the Verify Scope process?

A. Approved requirements
B. Customer acceptance
C. Product that passed quality tests
D. Completed WBS

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]]> http://pmtestcenter.com/scope-verification-deliverable/feed 0 Earned value chart http://pmtestcenter.com/earned-value-chart?utm_source=rss&utm_medium=rss&utm_campaign=earned-value-chart http://pmtestcenter.com/earned-value-chart#comments Wed, 04 Jan 2012 05:01:29 +0000 Gabe Young http://pmtestcenter.com/?p=626

At your upcoming status meeting with your project sponsor, rather than just using a table, you want to graphically show earned value. Which of the following charts will you use?

A. Trend analysis
B. Control chart
C. S-curve
D. Pareto diagram

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]]> http://pmtestcenter.com/earned-value-chart/feed 0 Reducing project duration without cost in mind http://pmtestcenter.com/reducing-project-duration-without-cost-in-mind?utm_source=rss&utm_medium=rss&utm_campaign=reducing-project-duration-without-cost-in-mind http://pmtestcenter.com/reducing-project-duration-without-cost-in-mind#comments Fri, 30 Dec 2011 05:01:34 +0000 Gabe Young http://pmtestcenter.com/?p=604

Dwight’s project is behind schedule. As a result, he is looking to reduce the duration of his project to bring it back on track. If cost is not a factor, what tactic should he use?

A. Fast-track
B. Critical path
C. PERT
D. Crash

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]]> http://pmtestcenter.com/reducing-project-duration-without-cost-in-mind/feed 0 Reducing project duration with cost in mind http://pmtestcenter.com/reducing-project-duration-with-cost-in-mind?utm_source=rss&utm_medium=rss&utm_campaign=reducing-project-duration-with-cost-in-mind http://pmtestcenter.com/reducing-project-duration-with-cost-in-mind#comments Thu, 29 Dec 2011 05:01:42 +0000 Gabe Young http://pmtestcenter.com/?p=601

Dwight’s project is behind schedule. As a result, he is looking to reduce the duration of his project to bring it back on track. Dwight is also tasked with keeping costs as low as possible to reduce the risk of an overrun. What tactic should he use?

A. Fast-track
B. Critical path
C. PERT
D. Crash

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]]> http://pmtestcenter.com/reducing-project-duration-with-cost-in-mind/feed 0 Cost variance and schedule variance http://pmtestcenter.com/cost-variance-and-schedule-variance?utm_source=rss&utm_medium=rss&utm_campaign=cost-variance-and-schedule-variance http://pmtestcenter.com/cost-variance-and-schedule-variance#comments Thu, 22 Dec 2011 05:01:58 +0000 Gabe Young http://pmtestcenter.com/?p=566

If a project has a Cost Variance (CV) of 1000 and a Schedule Variance (SV) of -1000, what does it mean?

A. The project is under budget and behind schedule.
B. The project is over budget and ahead of schedule.
C. It is impossible to have a negative SV.
D. The Overall Variance (OV) is 0.

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